Primary Cooperative Agriculture and Rural Development Bank: For Power Tiller
By Co-operation, Food and Consumer Protection Department, Government of Tamil Nadu
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Quick Answer
Farmers in Tamil Nadu can get a loan covering up to 90% of the cost of a power tiller, at interest rates of 11% to 12.25%.
- Funding amount
- Varies
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Tamil Nadu
About this loan
The Primary Cooperative Agriculture and Rural Development Bank power tiller scheme is run by the Co-operation, Food and Consumer Protection Department, Tamil Nadu. It gives farmers a loan covering up to 90% of the cost of a power tiller. Interest rates range from 11% to 12.25%.
You can apply if you are a farmer in Tamil Nadu, engaged in agricultural activities, and want the loan specifically to buy a power tiller.
Eligibility
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Grant providers
Provider
Co-operation, Food and Consumer Protection Department, Government of Tamil NaduChennai · Tamil Nadu · India
The Co-operation, Food and Consumer Protection Department is a Tamil Nadu state government department, headed by the Minister for Cooperation. It oversees the cooperative societies and banks across the state, and the loans in its citizen's charter are issued by those bodies…
Learn moreBenefits & Funding
- Fund type
- Debt
- Repayment
- Repayable
What You Get
This scheme offers crucial financial backing in the form of a loan covering up to 90% of the power tiller's cost. Farmers benefit from an accessible interest rate ranging from 11% to 12.25%, making vital agricultural machinery affordable. This direct financial aid aims to enhance farming efficiency, reduce manual labor, and significantly boost overall agricultural productivity, providing long-term benefits to beneficiaries in Tamil Nadu. The loan empowers farmers to invest in modern equipment, which is essential for sustainable and profitable farming operations, without incurring prohibitive upfront costs.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Application Process
- 1
Collect Application Form
Applicant collects the application form from the Primary Cooperative Agriculture and Rural Development Bank.
You - 2
- 3
- 4
- 5
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Submit on the official portal
Use the official application link and verify all details before final submission.
- 3
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the primary objective of this scheme?
The scheme aims to provide financial assistance to farmers in Tamil Nadu for purchasing a power tiller, thereby supporting agricultural productivity and making essential farming equipment more accessible.
Who is eligible to apply for this loan?
Any farmer who is a resident of Tamil Nadu, engaged in agricultural activities, and intends to use the loan specifically for purchasing a power tiller is eligible to apply.
What percentage of the power tiller cost does the loan cover?
The loan can cover up to 90% of the total cost of the power tiller, reducing the financial burden on farmers.
What are the interest rates for this loan?
The interest rate on the loan typically ranges from 11% to 12.25%, though these rates are subject to change.
How can I apply for the Primary Cooperative Agriculture and Rural Development Bank Power Tiller Loan?
Interested applicants must collect an application form from the Secretary/Special Officer of the Primary Cooperative Agriculture and Rural Development Bank, fill it out with mandatory details, attach required documents, and submit it offline to the concerned authority.
Are there any specific documents required for the application?
While not explicitly detailed, applicants should be prepared with standard documents like proof of residency, farmer identification, land records, and any other documents specified on the application form, which should be self-attested if required.
